Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Concerned by all your posts about the votes disappearing on your different platforms, I messaged support on Charles Stanley Direct, as they don't have anywhere on the site I can check this manually and they assured me the votes still stand.
"Many thanks for your message. I can confirm that you are not required to provide any further instruction for the rescheduled Shanta Gold Resources meeting, and that you votes are still cast as No."
This does look to be a decent level of support, looking back to it being a level of resistance back in Jan '21. Let's bloody hope so. It's not a huge loss from the highs, but it's the principle of the thing that annoys me. Thought I was being clever putting my ISA money into 'wealth preservation funds' last April between this and Ruffer. My worry here is this didn't see any benefit from the uplift markets had in January, so concerned they may not be positioned to benefit when things do turn around. Gotta have some faith in the long term track record I guess.
Chart looking good here. Broken the downward trendline. MACD crossed on the weekly. Looking back to the bullish divergence there was on the Daily leading to the recent low and on the Weekly since March. Good signs of at least a temporary bottom being in.
I've not been paying too much attention to sells the past few weeks because I've had worries to contend with across all my shares, but I wonder, do those large round even-numbered sells today suggest a placing has already been arranged and this is forward selling? Has there been similar sells of this size recently?
Gap filled, we can go back up now thanks ??
https://twitter.com/Old_Man_Trading/status/1458419116931489797
It's been a long time coming, but the weekly MACD has finally crossed today (if we close around here), with higher lows printing over the past 5 weeks, looks like the bottom has formed and recovery should build from here.
Cbax, the key thing is the line that indicates where it broke out of the range it had been sat in for about 2 years. This was the previous resistance, around 0.5. Once broken, it's common for resistance to become support. And now we're back down here's it's proven to hold. Along with the upward trendline from the low of April 2020, where it keeps making higher lows. This trendline intersects exactly with this week and our breakout/resistance/support line, so hopefully this level should hold. Not expecting fireworks right away, but if we crawl up that trendline until further results, I'll be happy.
Posted the same lines on Twitter today. Notice the bullish divergence also, so really no wonder it's bounced here. https://twitter.com/Avery__Bullock/status/1412339969767751685
Could be right about the sellers being done Zebra. Very quiet here today considering the state of the rest of the market. Just need a bit of news to bring the buyers back. But looking likely that we've found a bottom here on the the weekly 50DMA, could see a recovery from here.
Missed this Tubular Insights feature on BBSN from a few weeks ago, but they seem to be shouting about it on their Twitter account today https://tubularinsights.com/chat-with-brave-bison/